As per Trendlyne data, the average target price of the stock is Rs 1,244, which shows a downside of 4% from the current market prices. The consensus recommendation from 16 analysts for the stock is a Buy .
Despite a robust launch pipeline, unsold inventory inched up to ₹16,000 crore by the end of December. The company also has big capex plans, looking to spend ₹14,600 crore to develop its office, retail and hospitality assets.
Prestige Estates share price targets: Motilal Oswal Securities has a target of Rs 675 on the stock. HDFC Institutional Equities sees the stock at 630. Elara pegs Prestige at Rs 606. Foreign brokerage Jefferies finds the stock worth Rs 560.
Stocks to buy today: Stock brokerages recently came out with research reports on select stocks namely Prestige Estate Projects, Tata Motors, Tata Consumer Products, and Cyient. All these stocks have received Buy ratings from individual broking firms. Watch this Business Today Visual story to know what brokerages said about these counters.